Tag Archive for 'oil industry'

North Sea crude oil extraction falls in 2011 to lowest level in 30 years

September 8th, 2012 by International Economic Platform for Renewable Energies

According to a study by the International Economic Platform for Renewable Energies (IWR), a renewable energy institute in Muenster, Germany, the amount of crude oil drilled from the North Sea dropped to 124.7 million tonnes in 2011. This is a 12% decline from 2010 when 140 million tonnes of crude oil was extracted, and represents […]